FINSUM

FINSUM

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(New York)

Warren Buffett is aged and venerated, which gives him some significant latitude in what he wants to invest in and not. No one in the investment community seems to have a problem with Buffett avoiding Bitcoin or meme stocks, but something Berkshire Hathaway did last week might cost them. The company blocked two shareholder resolutions requesting that its holding companies disclose ESG data on climate change and workplace inclusion. That is causing some on Wall Street to draw a line. For instance, both BlackRock and CalPERS, as well as Federated, all voted against Buffett. Buffett and other director shareholders were able to stop the measures because of their voting power.


FINSUM: This vote gets narrower every year and it is a good lens through which one can view the steady and seemingly unstoppable rise of ESG.

(Washington)

In its fourth-quarter earnings report…see the full story on our partner Magnifi’s site

(Shanghai)

Central Bank Governor Yi Gang said that Chinese financial institutions will have to…see the full story on our partner Magnifi’s site

(New York)

The market has been hard on special purpose acquisition companies (SPACs) as prices have fallen dramatically…see the full story on our partner Magnifi’s site

(New York)

After a consistent rise in yields in late February and March rates are finally falling. However…see the full story on our partner Magnifi’s site

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